Existence of Trembling hand perfect and sequential equilibrium in Stochastic Games

Sofia Moroni

No 6837, Working Paper from Department of Economics, University of Pittsburgh

Abstract: In this paper we define notions of trembling hand and sequential equilibrium and show that both types of equilibria exist in a large class of stochastic games that may feature incomplete and imperfect information. These equilibria do not necessitate the use of a public correlating device. Under further regularity assumptions each stochastic game has a sequence of approximating finite games whose equilibria approximate equilibria of the limit game.

Date: 2020-01
New Economics Papers: this item is included in nep-gth and nep-mic
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